Future energy demands will require more alternative fuels - US exec

HOUSTON (ICIS)--There will be a significant need for non-petroleum alternative fuels in order to keep up with future energy demands, an executive with US-based Celanese said on Tuesday.

Steven Sterin, chief financial officer and president of advanced fuel technologies at Celanese, said the world’s population will grow by over 2bn in 25 years, with significant growth of the middle class in emerging regions.

“We believe an all-of-the-above approach is necessary,” he said. “We need many companies and many technologies to be successful keeping prices and supply at a level that will allow this middle class to emerge.”

Sterin spoke during a panel discussion at the IHS CERAWeek energy conference in Houston. The conference ends on Friday.